Thursday, April 15, 2010

Special Edition for Employers and Hiring Managers

Dear Employers,

Let’s be honest.

If you could go back in time, knowing what you know now, you wouldn’t hire all the people who are on your team today.

At the same time, you have key contributors you’d hate to lose. People who give their all and get the job done without drama or complication. To replace those team-players would cost you dearly in recruitment and hiring costs, training time and customer satisfaction, not to mention the loss of revenues, morale, momentum and your own peace of mind.

In today’s competitive climate, you can’t afford to lose the strongest members of your team. Experienced, top-level candidates are seeking opportunities that engage their interests, align with their values and allow more freedom in their life-style while the next generation of candidates are ill-prepared and under-qualified to replace these seasoned professionals. Consider these startling statistics:

1. According to HR Executive, 45% of the employed work base is searching for a new job on company time (unfocused on strategic objectives).
2. According to the latest US Jobs Retention and Recovery poll, 54% of the workforce will leave for a better offer/opportunity when the economy improves.
3. According to Peter Drucker, 2/3rds of hiring decisions result in a mis-hire/mistake compounded with the cost of an average mis-hire which equals 3-6 times compensation (with a sales role the multiplier is 15 times annual compensation).

The Talent Pool is Shrinking:

"(Audiology) will graduate approximately 5,500 clinical practitioners during the next decade while an estimated 6,000 practicing and licensed audiologists will reach retirement age." The audiology demographic trends are clear based on an analysis of these data: (1) there will be fewer students entering the audiology profession than the projected retirements of active audiologists; (2) the audiology profession will have little or no growth; and (3) there will be an increase in demand for hearing health-care services." (B. Freeman, PhD, The Coming Crisis in Audiology, Audiology Today, NovDec issue 2009).

So, how are you going to hire and keep the best, augment the rest, and develop a loyal team of top-performers?

At Bridgeline Associates we mitigate your hiring risk. We specialize only in the audiology space. We create roughly 50 relationships with audiology professionals daily. We understand that retention of A-player talent begins with the right selection of A-player talent. We understand that behavior is a better predictor of success than past experience. We help you hire the person not the resume. Our process ensures that we get the “right people on the bus”, in the right roles, right the first time. We provide audiologists, managers, directors, sales professionals, trainers, and practice owners through:
• Permanent placement
• Contract, temporary placement-staffing engagement
• Consulting, special projects engagement (we have some incredible, executive talent that is available for short-term, specific engagements/projects)

Regards,

Tom Northey/COO
Bridgeline Associates
tom@bridgeline.org